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Daily Practice · GCSE Business

May 1998 5-a-day

← Today's GCSE Business sheet

May 1998

31 sheets · 155 questions · GCSE

May 1998 compilationAll answers

Every sheet in May 1998

The same date always regenerates the same five questions, so a sheet you print today is the sheet a classmate prints tomorrow.

  1. 1st May 1998State the formula for gross profit.
  2. 2nd May 1998Give one advantage of a wide span of control.
  3. 3rd May 1998Give one non-financial method of motivation.
  4. 4th May 1998Explain why automation can reduce a business's unit costs.
  5. 5th May 1998Give an example of an indirect tax.
  6. 6th May 1998State what CPI stands for.
  7. 7th May 1998What should be the starting point when designing a marketing mix?
  8. 8th May 1998State one disadvantage of a direct distribution channel.
  9. 9th May 1998Why must a business selling online take data protection seriously?
  10. 10th May 1998Explain one benefit of computer aided design.
  11. 11th May 1998State one ownership structure that is generally quicker and cheaper to set up than a private limited company.
  12. 12th May 1998Identify one source of new business ideas, other than spotting a gap in the market.
  13. 13th May 1998Define the term stakeholder.
  14. 14th May 1998State one reason a franchise is generally considered lower risk than an independent start-up.
  15. 15th May 1998Give one drawback of using retained profit to finance expansion.
  16. 16th May 1998What is revenue expenditure?
  17. 17th May 1998Explain one disadvantage of external recruitment.
  18. 18th May 1998Explain one benefit to a business of using a person specification when shortlisting applicants.
  19. 19th May 1998Name the UK law that makes it illegal to discriminate against employees based on protected characteristics such as age, sex or disability.
  20. 20th May 1998State the difference between legislation and ethics.
  21. 21st May 1998What is the difference between primary and secondary market research?
  22. 22nd May 1998Name the four stages of the product life cycle in order.
  23. 23rd May 1998What is a 'brand extension'?
  24. 24th May 1998Give one reason a business might pay more to source locally.
  25. 25th May 1998A business produces 3,600 units a week with 12 workers. After changes it produces 4,500 with the same 12. Calculate the percentage rise in productivity.
  26. 26th May 1998State one way a business might respond to falling consumer spending during a recession.
  27. 27th May 1998Explain why a business should carry out market research before launching a new product.
  28. 28th May 1998State one section usually included in a business plan.
  29. 29th May 1998Give one solution a business could use for a short-term cash-flow shortfall, other than chasing customer payments.
  30. 30th May 1998State the formula for a month's closing balance.
  31. 31st May 1998If a business successfully cuts its variable cost per unit while keeping its selling price the same, what happens to its break-even output?